“Alcoa unofficially kicked off US earning seasons beating expectations on earnings but falling short on revenue. The company reported adjusted first quarter earnings of 28 cents on revenue of $5.82 billion, whilst analysts had expected earnings of 26 cents per share on $5.94 billion in revenue,” said Fiona Cincotta, a Senior Market Analyst at Finspreads.com.
What's New For GALM 2015?
• A renewed focus on multi-materials will enable OEMs to identify the optimal mix of high strength steel, aluminium and composites for each component with regards to material supply, costs, cycle time and manufacturability
• Additional breakout streams will enable the delivery of unprecedented detail of job-specific insights across closures, architecture strategy, adhesives and non-destructive testing.
• Brand new speakers to the series...
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The programme is aimed at boosting annual alumina output at UAZ from 770 thousand tonnes to 900 thousand tonnes by the end of 2016. The programme foresees construction of a new autoclave battery, instalment of two new precipitators and other large-scale industrial equipment.
Design work is already underway. Design of the...
The potentially-revolutionary aluminium battery is also more environmentally friendly than current lithium-ion and alkaline batteries and keeps working for "thousands" of cycles.
The "ultrafast rechargeable aluminium-ion battery", developed by chemists at Stanford University, is a "major breakthrough" for portable technology, according to the team that discovered it.
In experiments the battery successfully charged a smartphone in one minute, compared to current lithium-ion batteries that take hours to deliver a full charge. The...
This new material will enable customers to produce infinitely-recyclable products with a lower carbon footprint.
The first product in the evercycle portfolio is designed for aluminium food containers. This product is certified by SCS Global Services to contain 100% recycled aluminium, made up of 90% post-consumer content and 10% customer manufacturing scrap – the only material of its kind in the...
Prior to joining the company, Mr. Heyroth served as controller for Surface Mining Manufacturing Operations at Joy Global Inc., a publicly traded manufacturer of high-productivity mining solutions. Mr. Heyroth holds an M.B.A. from the University of Wisconsin-Milwaukee and a B.S. in Economics from the University of Wisconsin-Madison.
Rick Dillon, Executive Vice President and Chief Financial Officer, commented, "I am very pleased to have Steve join the Read more
These additions come amidst continued demand improvement for the broader industry. According to recent preliminary Aluminum Association data, the North American aluminium industry shipped an estimated 25.5 billion pounds of aluminium in 2014, the most since 2006 and reflecting 5% year-over-year demand growth. From the 2009 baseline, demand in the U.S. and Canada has risen nearly 40%.
The new member companies reflect the scope and breadth of today’s global aluminium industry. Two of the new companies join the Association as producer members – firms that make or...
The decision is aligned with the company’s recent announcement to evaluate upstream capacity for possible curtailment, closure or sale as Alcoa further optimises its commodity portfolio. The curtailment is expected to be complete by April 15, 2015.
“We continue to take decisive steps to create a globally...